408 N Pico Ave

$1,100,000
Price
1
Bed
2
Baths
1,440 Sq. Ft.
$764 / Sq. Ft.
1,440
Sq. Ft.
$764
per Sq. Ft.

Description

HIGH-VISIBILITY CORNER — RESIDENTIAL DUPLEX + COMMERICIAL OFFICE with MAJOR RE-DEVELOPMENT POTENTIAL. Own the entire corner. This property offers a rare chance for an owner-occupant seeking an income-producing property or an investor ready to capitalize on the site’s serious redevelopment upside. This package includes three contiguous lots, totaling 10,653 sq ft and zoned FB-V2—a mixed-use designation allowing both commercial and residential development. The property sits at a signalized hard corner,...HIGH-VISIBILITY CORNER — RESIDENTIAL DUPLEX + COMMERICIAL OFFICE with MAJOR RE-DEVELOPMENT POTENTIAL. Own the entire corner. This property offers a rare chance for an owner-occupant seeking an income-producing property or an investor ready to capitalize on the site’s serious redevelopment upside. This package includes three contiguous lots, totaling 10,653 sq ft and zoned FB-V2—a mixed-use designation allowing both commercial and residential development. The property sits at a signalized hard corner, commanding maximum visibility and frontage. Currently, the property consists of a residential duplex and a commercial office building, all with clean interiors & dependable tenants offering great stability. The major upside is in the right development strategy. This already income-producing property then becomes an income-producing POWERHOUSE. The caliber of exposure, zoning versatility, and proven income stream is nearly impossible to replicate at this price point.
  1. Listed by Deanne Estrada • DRE #02143621 • Brokerage DRE #02022356 • West Capital Real Estate • 323-697-6379

Property Details for 408 North Pico Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1440
Assessor Parcel Number
103-131-02-00
Property Attached YN
true
LISTING UPDATED: 11/05/2025 07:23 AM

Property Details for 408 North Pico Avenue

StatusActive
MLS #OC25248346
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1953
Lot Size0.24 AC / 10,653 SF
CountySan Diego County

Location

Listing Courtesy of West Capital Real Estate, Deanne Estrada, DRE #02143621
Add your commute

Building Information for 408 North Pico Avenue

Stories1Residences-Year Built1953Building Size-Lot Size0.24 AC / 10,653 SF

Payment Calculator

$5,435 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,435

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 408 North Pico Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Lot: 0
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Outside
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 103-131-03-00, 103-131-04-00
  • Lot Features: Corner Lot, Value In Land
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Asphalt
Property / Structure Info
  • Builders Tract Name: Fallbrook
  • Builders Tract Code: Fallbrook
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 408 North Pico Avenue

DateEvent & SourcePriceAppreciation
Oct 27, 2025

Listed (Active)

CLAW #OC25248346MR

$1,100,000
Oct 27, 2025

Listed (Active)

CRMLS #OC25248346

$1,100,000
May 5, 2025

Expired

CRMLS #NDP2502081

May 5, 2025

Expired

SDMLS #NDP2502083

$1,225,000
May 4, 2025

Expired

CRMLS #NDP2502083

May 4, 2025

Expired

CLAW #NDP2502083MR

$1,225,000
Mar 11, 2025

Expired

SDMLS #NDP2410488

$1,225,000
Mar 10, 2025

Expired

CRMLS #NDP2410488

Mar 10, 2025

Expired

CRMLS #NDP2410487

Mar 10, 2025

Expired

CLAW #NDP2410488MR

$1,225,000
Mar 5, 2025

Listed (Active)

CRMLS #NDP2502083

$1,225,000
Mar 5, 2025

Listed (Active)

CRMLS #NDP2502081

$1,225,000
Mar 4, 2025

Listed (Active)

CLAW #NDP2502083MR

$1,225,000
Mar 4, 2025

Listed (Active)

SDMLS #NDP2502083

$1,225,000
Dec 10, 2024

Listed (Active)

CRMLS #NDP2410488

$1,225,000
Dec 10, 2024

Listed (Active)

CRMLS #NDP2410487

$1,225,000
Dec 10, 2024

Listed (Active)

CLAW #NDP2410488MR

$1,225,000
Dec 10, 2024

Expired

SDMLS #NDP2407143

$1,200,000
Dec 10, 2024

Listed (Active)

SDMLS #NDP2410488

$1,225,000
Dec 9, 2024

Expired

CRMLS #NDP2407143

Dec 9, 2024

Expired

CRMLS #NDP2407144

Dec 9, 2024

Expired

CLAW #NDP2407143MR

$1,200,000
Nov 15, 2024

Price Change

CRMLS #NDP2407143

$1,200,000
Nov 15, 2024

Price Change

CRMLS #NDP2407144

$1,200,000
Aug 9, 2024

Listed (Active)

CRMLS #NDP2407143

$1,248,000
Aug 9, 2024

Listed (Active)

CRMLS #NDP2407144

$1,248,000
Aug 9, 2024

Listed (Active)

SDMLS #NDP2407143

$1,248,000
Aug 9, 2024

Expired

SDMLS #NDP2402949

Aug 9, 2024

Listed (Active)

CLAW #NDP2407143MR

$1,248,000
Aug 8, 2024

Expired

CRMLS #NDP2402949

Aug 8, 2024

Expired

CRMLS #NDP2402947

Aug 8, 2024

Expired

CLAW #NDP2402949MR

$1,298,000
May 7, 2024

Price Change

CRMLS #NDP2402949

$1,298,000
May 7, 2024

Price Change

CRMLS #NDP2402947

$1,298,000
Apr 9, 2024

Listed (Active)

CRMLS #NDP2402949

$1,398,000
Apr 9, 2024

Listed (Active)

CRMLS #NDP2402947

$1,398,000
Apr 8, 2024

Listed (Active)

SDMLS #NDP2402949

$1,398,000
Apr 8, 2024

Listed (Active)

CLAW #NDP2402949MR

$1,398,000
Apr 3, 2024

Expired

CRMLS #CV24057049

$1,400,000
Apr 2, 2024

Expired

CLAW #CV24057049MR

$1,400,000
Apr 2, 2024

Expired

SDMLS #CV24057049

$1,400,000
Mar 21, 2024

Listed (Active)

CRMLS #CV24057049

$1,400,000
Feb 2, 2024

Listed (Active)

SDMLS #CV24057049

$1,400,000
Feb 2, 2024

Listed (Active)

CLAW #CV24057049MR

$1,400,000
Aug 27, 2019

Expired

CRMLS #130053659

$475,000
Jun 27, 2014

Sold

CRMLS #140015514

$255,000
Jun 27, 2014

Sold

CLAW #140015514MR

$255,000
May 1, 2014

Pending

CRMLS #140015514

May 1, 2014

Pending

CLAW #140015514MR

Mar 23, 2014

Listed (Active)

CRMLS #140015514

$399,000
Mar 23, 2014

Listed (Active)

CLAW #140015514MR

$399,000
Mar 2, 2014

Expired

CLAW #130053659MR

Mar 2, 2014

Expired

SDMLS #130053659

Oct 5, 2013

Listed (Active)

CLAW #130053659MR

$475,000
Oct 5, 2013

Listed (Active)

CRMLS #130053659

$475,000
Oct 5, 2013

Listed (Active)

SDMLS #130053659

$475,000
DateEvent & SourcePrice
10/27/2025

Listed (Active)

CLAW #OC25248346MR

$1,100,000
10/27/2025

Listed (Active)

CRMLS #OC25248346

$1,100,000
05/05/2025

Expired

CRMLS #NDP2502081

05/05/2025

Expired

SDMLS #NDP2502083

$1,225,000
05/04/2025

Expired

CRMLS #NDP2502083

05/04/2025

Expired

CLAW #NDP2502083MR

$1,225,000
03/11/2025

Expired

SDMLS #NDP2410488

$1,225,000
03/10/2025

Expired

CRMLS #NDP2410488

03/10/2025

Expired

CRMLS #NDP2410487

03/10/2025

Expired

CLAW #NDP2410488MR

$1,225,000
03/05/2025

Listed (Active)

CRMLS #NDP2502083

$1,225,000
03/05/2025

Listed (Active)

CRMLS #NDP2502081

$1,225,000
03/04/2025

Listed (Active)

CLAW #NDP2502083MR

$1,225,000
03/04/2025

Listed (Active)

SDMLS #NDP2502083

$1,225,000
12/10/2024

Listed (Active)

CRMLS #NDP2410488

$1,225,000
12/10/2024

Listed (Active)

CRMLS #NDP2410487

$1,225,000
12/10/2024

Listed (Active)

CLAW #NDP2410488MR

$1,225,000
12/10/2024

Expired

SDMLS #NDP2407143

$1,200,000
12/10/2024

Listed (Active)

SDMLS #NDP2410488

$1,225,000
12/09/2024

Expired

CRMLS #NDP2407143

12/09/2024

Expired

CRMLS #NDP2407144

12/09/2024

Expired

CLAW #NDP2407143MR

$1,200,000
11/15/2024

Price Change

CRMLS #NDP2407143

$1,200,000
11/15/2024

Price Change

CRMLS #NDP2407144

$1,200,000
08/09/2024

Listed (Active)

CRMLS #NDP2407143

$1,248,000
08/09/2024

Listed (Active)

CRMLS #NDP2407144

$1,248,000
08/09/2024

Listed (Active)

SDMLS #NDP2407143

$1,248,000
08/09/2024

Expired

SDMLS #NDP2402949

08/09/2024

Listed (Active)

CLAW #NDP2407143MR

$1,248,000
08/08/2024

Expired

CRMLS #NDP2402949

08/08/2024

Expired

CRMLS #NDP2402947

08/08/2024

Expired

CLAW #NDP2402949MR

$1,298,000
05/07/2024

Price Change

CRMLS #NDP2402949

$1,298,000
05/07/2024

Price Change

CRMLS #NDP2402947

$1,298,000
04/09/2024

Listed (Active)

CRMLS #NDP2402949

$1,398,000
04/09/2024

Listed (Active)

CRMLS #NDP2402947

$1,398,000
04/08/2024

Listed (Active)

SDMLS #NDP2402949

$1,398,000
04/08/2024

Listed (Active)

CLAW #NDP2402949MR

$1,398,000
04/03/2024

Expired

CRMLS #CV24057049

$1,400,000
04/02/2024

Expired

CLAW #CV24057049MR

$1,400,000
04/02/2024

Expired

SDMLS #CV24057049

$1,400,000
03/21/2024

Listed (Active)

CRMLS #CV24057049

$1,400,000
02/02/2024

Listed (Active)

SDMLS #CV24057049

$1,400,000
02/02/2024

Listed (Active)

CLAW #CV24057049MR

$1,400,000
08/27/2019

Expired

CRMLS #130053659

$475,000
06/27/2014

Sold

CRMLS #140015514

$255,000
06/27/2014

Sold

CLAW #140015514MR

$255,000
05/01/2014

Pending

CRMLS #140015514

05/01/2014

Pending

CLAW #140015514MR

03/23/2014

Listed (Active)

CRMLS #140015514

$399,000
03/23/2014

Listed (Active)

CLAW #140015514MR

$399,000
03/02/2014

Expired

CLAW #130053659MR

03/02/2014

Expired

SDMLS #130053659

10/05/2013

Listed (Active)

CLAW #130053659MR

$475,000
10/05/2013

Listed (Active)

CRMLS #130053659

$475,000
10/05/2013

Listed (Active)

SDMLS #130053659

$475,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 408 North Pico Avenue

This home is within Fallbrook Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
William H. Frazier Elementary School
PublicK to 6

James E. Potter Intermediate School
Public7 to 8

Fallbrook High School
Public9 to 12

Maie Ellis Elementary
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

408 North Pico Avenue is a mixed use property for sale in Fallbrook, CA 92028. This property was listed for sale on October 27, 2025 by West Capital Real Estate, it's currently listed at $1,100,000. It has been on the market for a total of 58 days and was last sold on June 27, 2014. This listing's school districts are Fallbrook Union High School District, Fallbrook Union Elementary School District. Nearby schools include William H. Frazier Elementary School, James E. Potter Intermediate School and Fallbrook High School. 408 North Pico Avenue is a 1-bed, 2-bath, 1,440 sqft mixed use property built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of West Capital Real Estate, Deanne Estrada, DRE #02143621

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